Lassonde bought a $1.3M convertible debenture from Diamond Estates, boosting its stake potential to 63%.

Lassonde Industries Inc. acquired a $1.3 million 10% unsecured convertible debenture from Diamond Estates Wines & Spirits on January 19, 2026, in a private deal for $1.33 million including interest. The debenture matures November 9, 2026. The purchase increases Lassonde’s total debenture holdings to $4.65 million, with no change in its common share ownership. If fully converted, the group could hold up to 63% of the company. The transaction was for investment purposes, with potential future adjustments based on market conditions. Diamond Estates, based in Ontario, operates in the wine and spirits industry and trades on the TSXV under DWS.